NorthMarq Capital’s Denver office arranges $7.2 million refinance of Eliot Center in Denver, Colorado

DENVER (January 3, 2018) – Jeff DeHarty, vice president of NorthMarq Capital’s Denver regional office, negotiated the $7,200,000 refinance of a mixed-use property located in Denver, Colorado. The transaction was structured on a 10-year loan-term with two years interest-only. NorthMarq secured financing for the borrower, Adams Development, through its relationship with Goldman Sachs. “Adams Development did an excellent job of delivering an extremely high quality project,” said DeHarty. “Eliot Center contains 20 multifamily units and just over 7,200 sq. ft. of commercial space. Featuring a rooftop deck and below grade structured parking, Eliot Center is well positioned to serve the residents of the rapidly growing Jefferson Park neighborhood, located minutes from downtown Denver.”